(Christy Bieber) Once the paychecks stop because you retire, you need the money somewhere. Social Security is an important source of income for most seniors because if you are entitled to benefits, the funds are guaranteed until you die. So how can you use Social Security to fund your retirement? Here are three steps to …
3 social security strategies to finance your retirement Read More »
(Maurie Backman) When it comes to retirement savings, IRAs are a mixed bag. On the plus side, they usually come with more investment options than you’ll find in a 401(k) plan. For example, with IRAs, you can invest in individual stocks, whereas 401(k) plans generally don’t let you do that. But picking stocks by hand …
Can’t max out your IRA by the end of 2022? Here’s why you don’t have to worry Read More »
(Christy Biber) Social Security retirees will get a huge increase in benefits in 2023. Their monthly checks will increase by 8.7%. This increase in benefits is the largest annual increase in pension payments in the past four decades. Seniors may be delighted to see their payments increase so much. But there’s some really bad news …
There’s Bad News About the Big Social Security Rise of 2023 Read More »
(Maurie Backman) If you’re a retiree struggling to make ends meet in the face of inflation, you’re definitely in good company. The cost of living has skyrocketed over the past year and although inflation is showing signs of easing, much progress still needs to be made before people see any noticeable relief. You might especially …
On social security and the return to work? Prepare for that unwanted surprise Read More »
(Adam Levy) Getting the most out of your Social Security retirement benefits could help make your retirement much more enjoyable, and maximizing your benefits could come down to one decision. When do you decide to apply for Social Security? Deferring until age 70 will be a great choice for many retirees who can benefit from …
1 Way to Score a Richer Monthly Social Security Payment Read More »
(Christy Biber) The amount of your Social Security benefits can vary greatly depending on the decisions you make. In particular, the age at which you choose to apply for benefits can have a particularly profound impact on the amount of money you get back. In fact, you could potentially increase your monthly payment up to …
How to Score an Extra $1,830 by Social Security Check Read More »
(Katie Brockman) According to a recent survey by The Motley Fool, about 40% of retired Americans say they are “completely” dependent on Social Security in retirement. Many workers are also heading into retirement expecting to rely heavily on Social Security. In fact, about a quarter of workers say their benefits will be their main source …
Can you really retire with Social Security alone? Read More »
(Kailey Hagen) Saving for retirement is generally considered a form of deferred gratification. You choose not to spend some of your money now in exchange for more money when you retire. But that’s too simplistic a way of looking at it. Although you won’t realize the full benefits of saving for retirement until you withdraw …
3 Ways Saving for Retirement Could Help Your Finances Today Read More »
(Adam Levy) Target date funds are a common choice for employees in their 401(k) and other retirement accounts. The set-it-and-forget-it approach makes investment decisions simple and removes the need for any portfolio management. Everything is done for you. Although they are a very common choice among retirement savers, they are not always the best choice. …
Are term funds good for your retirement? Yes and no. Read More »
(Dan Caplinger) If you want to get bigger Social Security checks when you retire, it’s important to know all about the federal government’s program. Unfortunately, it can be difficult to get the information you need, and many people are still unaware of the key aspects of Social Security that determine the amount of your benefits. …
